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Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose?

Author
CA. Ajay Kumar agarwal
28/11/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1051
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Refusal of Registration under Section 12AA – Whether Educational Activities Constitute Charitable Purpose? CIT, Patiala v. Yadvindra Public School Association, Patiala, ITA-253-2011 (O&M), decided on 09 Se...

Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property

Author
CA. Ajay Kumar agarwal
27/11/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 3725
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Applicability of Section 54F Where Assessee Holds a Jointly-Owned Residential Property1. Introduction:-Section 54F of the Income-tax Act, 1961 grants exemption on long-term capital gains arising from the transfer of any ...

DTAA Rate vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has No PAN

Author
CA. Ajay Kumar agarwal
26/11/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1959
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DTAA Rate vs. Section 206AA – Whether 206AA Overrides a Treaty Rate When Non-Resident Has No PAN ?(Delhi High Court: CIT (Intl. Tax)-1 v. Air India Ltd., [2023] 456 ITR 117)** Core Issue:  Whether in the ...

Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?

Author
CA. Ajay Kumar agarwal
24/11/2025  |  1 COMMENTS  |  VISITOR'S COUNT: 3810
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Validity of Reassessment Notices under Section 148: Whether Jurisdiction Lies with JAO or FAO?Delhi High Court Judgment:-Inder Dev Gupta & Others v. ACIT, Central Circle-2, Delhi-Judgment dated 21 November 2025, D...

Penalty for Non-Disclosure of Foreign Assets

Author
CA. Ajay Kumar agarwal
22/11/2025  |  0 COMMENTS  |  VISITOR'S COUNT: 1217
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Penalty for Non-Disclosure of Foreign Assets: Whether Technical Non-Compliance Warrants Penal Consequences?The Hon’ble Bombay High Court in Pr. Commissioner of Income Tax (Central)-3 v. Shrem Alloys Pvt. Ltd., Incom...

Addition on Cash Deposited

Author
CA. Ajay Kumar agarwal
21/11/2025  |  2 COMMENTS  |  VISITOR'S COUNT: 2129
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Cash Deposits—Source Explained by Prior Withdrawals — Mere Time Gap Not Sufficient for AdditionITAT Ahmedabad: Bhikhabhai Mangalbhai Patel v. ITO- ITA No. 1743/Ahd/2025 | Order dated 13.11.2025 | AY 2017-18**The asse...